Tom Lee — executive chairman of BitMine Immersion Technologies (BMNR), head of research at Fundstrat Global Advisors and chief investment officer at Fundstrat Capital — said in a post on X that ether is “embarking on that same supercycle” that produced a 100x gain in bitcoin since his 2017 client recommendation.
He noted bitcoin endured six drawdowns greater than 50% and three greater than 75% over the past 8.5 years, arguing crypto’s volatility reflects markets “discounting a massive future” and that investors had to hold through “existential moments.”
The call drew pushback, however.
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